What you'll learn

Types of taxable income
Income from cryptocurrency
Earnings from pass-through entities
Income from gambling, debt waivers, and foreign earnings
Installment sales
Interest, dividends, royalties, and rental income

Requirements

An accounting background is desirable, but not mandatory.

Description

Taxable Income Other than IRAUnlock the complexities of taxable income with this comprehensive course designed for individuals, tax professionals, and anyone seeking to deepen their understanding of U.S. individual taxation. This course focuses on various sources of taxable income beyond IRAs, offering practical insights and real-world examples to help you navigate the nuances of tax reporting.What You'll Learn:Types of Taxable Income: Get an

Overview

of diverse income streams and their tax implications.Income from Cryptocurrency: Explore how earnings from cryptocurrency are taxed and reported.Pass-Through Entities: Understand income from S-corporations, partnerships, and other pass-through entities.Gambling, Debt Waivers, and Foreign Earnings: Learn how these income types are categorized and taxed.Installment Sales: Discover how to recognize and report income from installment sales.Interest, Dividends, Royalties, and Rental Income: Dive into the taxation of passive income streams.Course Highlights:The course is divided into digestible video lessons, ensuring a step-by-step learning experience:

Overview

: Comprehensive introduction to taxable income sources.Wages, Salaries, and Tips Income: Detailed discussion on taxable employment income.Interest, Dividends, Royalties, and Rental Income: Insights into what is included and excluded.Income from Gambling, Debt Waivers, and Foreign Earnings: Practical guidance on lesser-known taxable sources.Passive vs. Non-Passive Income: Clarify the difference and understand the reporting

Requirements

.Installment Sales: Master the intricacies of installment sales and their tax treatment.Cryptocurrency Income: Navigate the emerging landscape of cryptocurrency taxation.Non-Business Bad Debts: Learn to handle non-business bad debts.Income from Pass-Through Entities: Explore how income from S-corporations and partnerships is taxed.Practice Questions: Test your knowledge with practical questions for better understanding.Who Should Enroll?Whether you're a tax preparer, an entrepreneur, or someone managing personal finances, this course will equip you with the skills to accurately report taxable income and stay compliant with U.S. tax laws. Enroll today to gain the confidence to navigate even the most complex income sources!

Who this course is for

This course is intended for working professional as well as students who wish to gain some understanding of US Taxation.
Homepage:

https://www.udemy.com/course/taxable-income-other-than-ira/